Active Listing  ·  144 days on market

909 Reinli St #136

Austin, TX 78751
$245,000
2 Bed 2 Bath 915 sqft $268/sqft Built 2015 Pool Ridgetop

Absolutely turnkey and move-in ready, this beautifully updated first-floor condo is perfectly situated in the heart of Central Austin. Thoughtfully renovated and meticulously maintained, the home features brand-new energy-efficient windows, high grade engineered natural wood flooring, and fresh paint throughout—creating a bright, airy atmosphere filled with natural light.

The well-designed floor plan offers two spacious bedrooms, each with its own private bathroom, thoughtfully separated for added comfort and privacy. The open living area provides plenty of room for both relaxing and dining, while the charming L-shaped kitchen adds to the home’s inviting feel.

The kitchen is equipped with sleek stainless steel appliances, including a GE electric stove, refrigerator, and dishwasher, complemented by a high-end Samsung washer and dryer, as well as a stainless steel microwave—all of which convey. Adding even more value, the condo comes fully furnished with modern IKEA furniture and a fully stocked kitchen, making it ideal for a truly effortless move-in experience.

First-floor convenience shines with dual entrances—one facing the courtyard and another with direct access to the parking area—offering flexibility and ease. Residents enjoy access to a centrally located private pool, a tucked-away dog park, EV charging within the community, and ample parking for both residents and guests.

Located just off 290/Koenig near IH-35, this home offers quick access to the University of Texas, downtown Austin, and major employers. With high-quality upgrades and stylish finishes, this condo is a rare opportunity and a true gem in a highly desirable community.

At $268/sqft, this home is 32% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

909 Reinli St #136, Austin, TX 78751

Property Details

Price $245,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 915 sqft
Lot Size ,
Year Built 2015
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Ridgetop
County Travis
Zip Code 78751
$/sqft $268/sqft
Days on Market ,
HOA $256/Monthly
Annual Tax Est. $4,850.37
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT224191186
List Date April 2, 2026
Elementary School Ridgetop
Middle School Lamar (Austin ISD)
High School McCallum
School District ,

Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
202 E 45th St #203
Treehouse Condo
$249,900 $377 1 bd / 1 ba 662 sqft , 2026-04-01
7306 Bethune Ave
St Johns College Add
$250,000 $227 3 bd / 1 ba 1,102 sqft , 2026-06-12
6409 Burns St #107
Burns Street Condominiums
$239,000 $288 2 bd / 2 ba 829 sqft , 2026-04-09
6906 CARVER Ave #A
St Johns College Add
$234,000 $239 2 bd / 1 ba 980 sqft , 2026-03-13
935 La Posada Dr #148
Flats/935 Condos Bldg 4
$256,000 $249 2 bd / 2 ba 1,030 sqft , 2026-01-21

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$1,176/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$49,000
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$1,176
Principal + Interest−$1,337
Property Tax (~2.1% TX avg)−$429
Insurance (~0.5%)−$102
Est. Monthly Cash Flow $-692

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on July 18, 2026.

📞 (254) 718-2567 [email protected] More about Luke →